Jasper County Democrat, Volume 2, Number 5, Rensselaer, Jasper County, 13 May 1899 — PHILIPPINES ARE PAID FOR. [ARTICLE]

PHILIPPINES ARE PAID FOR.

Pnrckaae Money-$20,000,000-Hand-ed Over by Secretary Hay. The last move in the negotiations terminating the war with Spain occurred in Washington Monday when Secretary Hay paid to the French ambassador, M. Cambon, the $20,000,000 provided by the treaty of peace for the cession of the Philippines. The payment was made in four treasury warrants of $5,000,000 each and was receipted for by M. Cambon as completely liquidating the obligation of the United State* iu this connection. Assistant Secretary of the Treasury Vanderlip banded to Secretary Hay the the drafts for $20,000,000 to be turned over to the Spanish Government through Ambassador Cambon. The State Department at once sent word to the French ambassador that the warrants were in hand and would be turned over to him at any time. M. Cambon strolled over to the department. He was alone and no extra precantion was taken to guard the transfer of .such a large amount. Secretary Hay received the ambassador in the diplomatic room, where the transfer took place with little formality.